Month: October 2020

Budget keeps SA heading for fiscal crisis, conflicts with President’s Economic Plan – Sakeliga

Budget keeps SA heading for fiscal crisis, conflicts with President’s Economic Plan – Sakeliga  This budget does not steer South Africa away from fiscal crisis, however much we may appreciate Minister of Finance Tito Mboweni’s attempts to deal with political pressures.   South Africa’s actual budget deficit will be almost 400% what was projected for this year in the 2017/18 budget, the last one […]
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Sakeliga donates R50 000 to PANDA to end lockdowns, encourages further donations

Business group Sakeliga is giving R50 000 to kickstart the campaign by South African-based anti-lockdown group Pandemic Data and Analytics (PANDA) to end lockdowns world-wide.  The donation is part of a crowd-fund hosted by Business for Ending Lockdown, a group of local business organisations representing more than 50 000 businesses and thousands of supporters.  Piet […]
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State’s so-called economic recovery plan rings hollow; Business not satisfied

Business organisation Sakeliga says businesses in South Africa are not satisfied by the “economic recovery plan” presented by President Cyril Ramaphosa earlier today. Piet le Roux, Sakeliga CEO, says “recovery cannot be based on continuing the state of disaster, and increasing taxes, government expenditure and government intervention. The ‘recovery plan’ is flawed in that it, once again, places […]
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